COE 2.33% 21.0¢ cooper energy limited

two asx releases today

  1. 572 Posts.
    The first release concerned the start of drilling in the Cooper Basin next week.

    The second was about OIL in the Tunisian well which contained the following statement:

    Mr Michael Scott, Managing Director, noted that ?it is certainly encouraging that we have observed
    indications of hydrocarbons in the well, which demonstrates that the prospect is exposed to an active
    petroleum system. There are however a number of uncertainties still to be addressed. A production
    well test will provide us with further formation information regarding the significance or otherwise of
    these hydrocarbon shows. After this test there are still a number of target formations below us to be
    penetrated, which is very exciting considering what we have seen to date.?

    Looks like some very positive news from COE. MS becoming excited is really something; look for the sp to kick following this news.
 
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